February 22, 2013

Is the Shale Bubble About to Pop?

There has been more than a little celebration as the result of the huge shale gas deposits discovered in Pennsylvania and elsewhere. The discovery has led to a sense among many that our energy problems are not terribly urgent. Even President Obama referred to a 100 year supply of natural gas in his second State of the Union address. The U.S. is now predicted to become the world’s top oil and gas producer in the year 2017. What those predictions don’t tell is how long the U.S. is expected to remain in that position.